Existing and anticipated federal, state and local funding sources will pay for the roadway and bridge improvements as well as bike and pedestrian pathways outlined in this plan.
A combination of federal, state and local dollars, as well as transit fares, will be used to build, operate and maintain the bus and rail system in this plan, but a new dedicated source of local funds will be needed. On December 13, 2011 a group of local elected officials and civic and business leaders endorsed a phased implementation of the plan that suggested the required local funds be paid for with a .3% (three-tenths of a percent) increase in the local option income tax in Marion and Hamilton counties and asked the Indiana General assembly to authorize a referendum to give voters the final say.
For a family of four earning $50,000 a year, this would cost about $10 per month.
It will cost approximately $1.3B to build the first phase in Marion and Hamilton counties in 10-years and will cost $136M annually to operate once complete in 2021.
Counties would each decide individually when to put this matter on the ballot, and would not be subject to a new tax until after the residents of that county voted to become part of the system. The plan contemplates that Marion and Hamilton County voters would consider the issue via referendum in an upcoming election, with other counties choosing to vote on the issue in later elections following the completion of their feasibility studies.